Rubber Conveyor Belt Market Share

Rubber Conveyor Belt Market Share

Some of the key rubber conveyor belt market participants are

• ContiTech AG
• Bridgestone Corporation
• Fenner Group Holdings Limited
• SIG Societa Italiana Gomma
• Oxford Rubbers
• LUTZE
• ARTEGO
• Garlock
• Trelleborg
• Bando
• Yokohama
• Zhejiang Double Arrow
• Sempertrans
• QingDao Rubber Six
• Fuxin Shuangxiang

The industry is fragmented due to the growing number of end-user industries deploying rubber conveyor belts to facilitate processing. High demand from end-users has resulted in the low threat of new entrants, leading to industry fragmentation.
 

Major companies are engaged in partnerships with mining & metal processors to gain a competitive edge over other companies. With the increasing demand for conveyor belts in various applications, many manufacturers are investing in research and technologies to gain a competitive advantage. Manufacturers compete through product innovations and expansions via acquisitions & mergers of startup players to expand globally. For instance, ContiTech AG developed a service solution monitoring system for conveyor belt systems that allow the early detection of weak areas in the conveyor belt system before damage occurs, leading to random descent and costly delays.